A Note on Pareto-Type Distributions Parameterized by Its Mean and Precision Parameters

A Note on Pareto-Type Distributions Parameterized by Its Mean and Precision Parameters

Pareto-type distributions are well-known distributions used to fit heavy-tailed data. However, the standard parameterizations used for Pareto-type distributions are poorly suited to modeling. On this note, we suggest new parameterizations that are better suited to the purpose. In addition, we propos...

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Bibliographic Details
Main Authors: Marcelo Bourguignon, Diego I. Gallardo, Héctor J. Gómez
Format: Article
Language:English
Published: MDPI AG 2022-02-01
Series:Mathematics
Subjects:
pareto-type distributions
modeling
parameterization
varying precision
Online Access:https://www.mdpi.com/2227-7390/10/3/528

Internet

https://www.mdpi.com/2227-7390/10/3/528

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